- Tax breaks for property investors should be slashed and the Medicare levy lifted to pump more funding into welfare spending, according to the Australian Council of Social Service (ACOSS).
In its pre-budget submission, the peak welfare group says there is “no more fat to chew” from lower-paid workers or disadvantaged Australians as the Government seeks to carve out further savings.
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ACOSS says the future welfare of less-well-off Australians overrides tax concessions for property investors.